Lucintel’s latest market report analyzed that bicycle provides attractive opportunities in the road bicycle, mountain bicycle, kids bicycle, e-bicycle and other bicycle segments. The bicycle market is expected to reach $56.1 billion by 2027 with a CAGR of 6.0%. In this market, e-bicycle is the largest segment by type. Increasing trend of bike sharing, development of folding bicycles, and custom fit bicycles provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/bicycle-market-report.aspx Based on type, the bicycle market is segmented into road bicycle, mountain bicycle, kids bicycle, e-bicycle, and other bicycles. The e-bicycle segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to the increasing demand for zero emission climates, government regulations, and safety standards for bicycling. Development of cycling infrastructure will have a larger impact on the electric bicycle market in emerging markets in the coming years.
Browse in-depth TOC on “Bicycle Market”
72 – Tables
130 – Figures
178 – Pages
The Bicycle Market is marked by the presence of several big and small players. Some of the prominent players offering bicycle include Giant Manufacturing, Merida Industry Co. Ltd., Accell Group NV, Dorel Industry, Tube Investment of India Ltd., Ideal Bike Corporation, Hero Cycles Ltd.
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